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11/7/2011 8:43AM

Greeks Patch Together Caretaker Government

Greece's major political parties intend to form a national unity government that will oversee elections after putting in place a debt-slashing deal, in the hope of averting financial catastrophe. Dow Jones Newswires' Terry Roth analyzes its prospects.

This transcript has been automatically generated and may not be 100% accurate.

I ... late on Sunday the Greek Heineman this stock ... on ... the scene to find the resigning clearing the way for some sort of coalition government that ... Steve michael of Greeks to get ... bed budgets of proposals and and of austerity packages to the Greek parliament ... actually saw this by ... the the the the the countries that are actually providing funds for the bailout for Greece ... um ... what we have had as a very interesting on real Ale Vivendi's Festival of course we have the resignation of the Greek ... prime minister now the key thing is ... who is paying tax to replace him in this implement a so-called unity ... that the Greeks are hoping to cobble together what Terry Roth Matt CXL of ... money in your up on his would be to actually ... save provide a timeline what happens in Greece now in the risks this collection remain ... assault every ... customer they amassed a moon phase is going places with the Popova ... the very much matters internally in Greece they spent the entire weekend the the the major parties including the government ... Socialist Party and the new democracy opposition party ... to find something they can agree upon to goalies an interim caretaker government ... to get the ... troika deal done to get the a tragedy of a billion ... by the middle of next month and set the stage for new elections now ... I'm did did did they can combine should pop and rail stepped down in the Socialist remain in charge maybe with another social spent a stir ... I think Mr um then sells the finance ministers come the discussion ... the opposition party said no ... not a map that ... either have new elections ... or a very a political somebody because nonpartisan government ... to run the central mass was happening that's what we got to yesterday ... this morning ... more discussions with the minor parties who would join this broader coalition to make for national unity government ... and who then will become prime minister can think about with this impartial ... I messed up ... late on today aam is the isthe is a time when concrete ... with the process in the sense that does this mean ... that now they will be able to get the austerity measures of classical global ticket politics out of especially to consider who the prime candidate for this are the non partisan our ministers matters ... Mr Lucas up today amounts to is ... absolutely a ... up on unpaved SpA close to a record high reputation as a former member of the European Central Bank council ... so ... okay he gets into power on ... the next that he was the parliament to vote ... um ... is there any chance that Greece may not get the money needs before that ... and that it actually is still Fulton some sort of people ... well I've ... but beginning or sell whatever they want to do right now is to get to stretch agreed to advise them on ... the downside to all this is that there's no political consensus behind this nonpartisan government to take the politics of the process you haven't taken the angry protest on the process ... the reason ... is basically the elections on bid to take place now if this does go according to the way people talking mental next covering ... up in the meantime so there are still risks of perhaps up to me means ... of ... providing mobile problem will get the numbers that were in this position to begin with because the existing government on a pop and rail can reach nice climate rolling strikes general strikes protests sometimes violent ... I was the court to stop with this new arrangement is still a numbers guy has one last question and it's really intrigued me ... polls show the Simpsons the Greeks actually ... you know support the euro ... it does have a referendum ... how the support expressed ... and prices will fall ... European politicians ... a ... national referendums ... they are messy ... you can't predict the outcome they can be manipulated and don't forget ... fifty five percent of Greeks ... didn't want anymore this fiscal cost facts that were necessary to remain in the euro so would be a toss up on which of those two majority's would prevail ... the dentist but tells us that we need